Scotts Miracle-Gro Company (The) (NYSE:SMG)‘s stock had its “hold” rating reiterated by research analysts at SunTrust Banks, Inc. in a research note issued on Friday. They presently have a $95.00 price objective on the basic materials company’s stock. SunTrust Banks, Inc.’s price objective suggests a potential downside of 3.68% from the company’s current price. SunTrust Banks also issued estimates for Scotts Miracle-Gro Company (The)’s Q1 2018 earnings at ($0.98) EPS, Q2 2018 earnings at $2.82 EPS, Q3 2018 earnings at $2.64 EPS, Q4 2018 earnings at ($0.33) EPS, FY2018 earnings at $4.21 EPS and FY2019 earnings at $4.63 EPS.

A number of other research analysts have also weighed in on SMG. BidaskClub raised shares of Scotts Miracle-Gro Company (The) from a “sell” rating to a “hold” rating in a research report on Thursday, July 13th. Zacks Investment Research raised shares of Scotts Miracle-Gro Company (The) from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. KeyCorp reissued a “hold” rating on shares of Scotts Miracle-Gro Company (The) in a research report on Monday, August 28th. J P Morgan Chase & Co lowered shares of Scotts Miracle-Gro Company (The) from an “overweight” rating to a “neutral” rating and set a $99.00 target price for the company. in a research report on Wednesday. Finally, Bank of America Corporation boosted their target price on shares of Scotts Miracle-Gro Company (The) from $107.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $101.33.

Scotts Miracle-Gro Company (NYSE SMG) traded up $0.59 during trading on Friday, reaching $98.63. 313,300 shares of the company’s stock were exchanged, compared to its average volume of 427,318. The firm has a market cap of $5,726.64, a price-to-earnings ratio of 23.40, a price-to-earnings-growth ratio of 2.33 and a beta of 0.37. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.21 and a current ratio of 1.62. Scotts Miracle-Gro Company has a 52-week low of $81.48 and a 52-week high of $102.50.

Scotts Miracle-Gro Company (The) (NYSE:SMG) last released its earnings results on Tuesday, November 7th. The basic materials company reported ($0.26) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.30) by $0.04. The firm had revenue of $376.70 million during the quarter, compared to analyst estimates of $368.50 million. Scotts Miracle-Gro Company (The) had a net margin of 7.51% and a return on equity of 37.81%. The business’s revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.30) EPS. analysts forecast that Scotts Miracle-Gro Company will post 4.28 earnings per share for the current year.

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In other news, Chairman James Hagedorn sold 92,357 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $96.41, for a total transaction of $8,904,138.37. Following the transaction, the chairman now owns 115,867 shares in the company, valued at approximately $11,170,737.47. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Hagedorn Partnership, L.P. sold 32,000 shares of the business’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $94.37, for a total transaction of $3,019,840.00. Following the transaction, the insider now owns 15,759,274 shares in the company, valued at approximately $1,487,202,687.38. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 163,053 shares of company stock worth $15,610,752. Insiders own 28.16% of the company’s stock.

Several large investors have recently bought and sold shares of SMG. Almanack Investment Partners LLC. bought a new position in shares of Scotts Miracle-Gro Company (The) during the 2nd quarter worth about $132,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Scotts Miracle-Gro Company (The) by 7.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,664 shares of the basic materials company’s stock worth $149,000 after purchasing an additional 116 shares during the period. Delta Asset Management LLC TN increased its holdings in shares of Scotts Miracle-Gro Company (The) by 3.8% during the 2nd quarter. Delta Asset Management LLC TN now owns 2,025 shares of the basic materials company’s stock worth $181,000 after purchasing an additional 75 shares during the period. Creative Planning increased its holdings in shares of Scotts Miracle-Gro Company (The) by 44.5% during the 2nd quarter. Creative Planning now owns 2,097 shares of the basic materials company’s stock worth $188,000 after purchasing an additional 646 shares during the period. Finally, Maple Capital Management Inc. bought a new position in shares of Scotts Miracle-Gro Company (The) during the 2nd quarter worth about $207,000. Institutional investors own 68.76% of the company’s stock.

Scotts Miracle-Gro Company (The) Company Profile

The Scotts Miracle-Gro Company (Scotts Miracle-Gro) is a manufacturer and marketer of branded consumer lawn and garden products. The Company’s segments include Global Consumer. In North America, its brands include Scotts and Turf Builder lawn and grass seed products; Miracle-Gro, Nature’s Care, Scotts, LiquaFeed and Osmocote gardening and landscape products; and Ortho, Roundup, Home Defense and Tomcat branded insect control, weed control and rodent control products.

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